Rotorua Products, Limited, of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets, current liabilities, and sales over the last five years (Year 5 is the most recent year) are as follows: Sales Cash Accounts receivable, net Inventory Total current assets Current liabilities Sales Current assets Cash Accounts receivable, net Inventory Total current assets Current liabilities Year 1 $4,593,830 $ 87,529 404,278 801,291 $1,293,098 $ 304,544 Year 1 Year 2 $4,780,780 $93,256 426,549 868,050 $1,387,855 $ 338,428 Year 2 Required: 1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. (Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) Year 3 $4,986,700 $ 86,310 433,877 819,354 $ 1,339,541 $ 334,294 Year 3 % % % % Year 4 5,563,020 $ 77,754 496,981 899,709 $ 1,474,444 $ 322,187 Year 4 $ % % % % % Year 5 $ 5,640,450 $70,828 565,731 912,748 $ 1,549,307 $ 397,369 Year 5

Rotorua Products, Limited, of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets, current liabilities, and sales over the last five years (Year 5 is the most recent year) are as follows: Sales Cash Accounts receivable, net Inventory Total current assets Current liabilities Sales Current assets Cash Accounts receivable, net Inventory Total current assets Current liabilities Year 1 $4,593,830 $ 87,529 404,278 801,291 $1,293,098 $ 304,544 Year 1 Year 2 $4,780,780 $93,256 426,549 868,050 $1,387,855 $ 338,428 Year 2 Required: 1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. (Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) Year 3 $4,986,700 $ 86,310 433,877 819,354 $ 1,339,541 $ 334,294 Year 3 % % % % Year 4 5,563,020 $ 77,754 496,981 899,709 $ 1,474,444 $ 322,187 Year 4 $ % % % % % Year 5 $ 5,640,450 $70,828 565,731 912,748 $ 1,549,307 $ 397,369 Year 5

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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